/biz/ - Business & Finance

[Anonymous No.51368349]

Why is the Ethereum community so open to implementing proof-of-stake while the Bitcoin community isn't?

[Anonymous No.51368363]

There's no model for Bitcoin to move to proof of stake and Bitcoin doesn't need to scale anyways because one hour transactions are fine for it

[Anonymous No.51368382]

>>51368349
bitcoin will move to proof of stake eventually, I pretty much guarantee it. it's that or tail emissions as the halvings make mining unprofitable.

[Anonymous No.51368420]

>>51368382

This, plus if countries like the US ever make good on their threats to ban PoW, it's either go PoS or die.

[Anonymous No.51368434]

>>51368382
energy consumption and the emission schedule are separate issues. I can see BTC surviving on a fixed supply, but they'd have to enable massive L1 scaling to generate enough tx fees. (and maybe implement storage rent, where it slowly depletes unspent transactions that have been dormant for years.)

[Anonymous No.51368447]

>>51368420
proof-of-useful-work would solve it to, but I believe Bitcoiners would even reject that.
iirc I believe that they think the work must be for just BTC and never at the same time be used for something else.
It would be the perfect chance to keep their beloved PoW and at the same time dismantle all the energy fud.

[Anonymous No.51368495]

>>51368349
Because PoS has been a planned change since Ethereum's inception and the community expects it. Ethereum community in general is more open to change and "upgrades" (i.e. hard forks) while the Bitcoin community at most manage to agree on a soft fork every 4 years (segwit 2017, taproot 2021)

[Anonymous No.51368675]

>>51368349
Carbon neutral by 2024, BTC doesn’t think about ETH or the compromised POS algo. Sorry.

[Anonymous No.51368685]

>>51368382
Nope. BTC will be profitable to mine all the way through. Sorry, but it’s been designed that way.

[Anonymous No.51368718]

>>51368685
Alright, say Bitcoin moons to several million dollars by 2040, then it just survives on (astronomical) fees after that or what?

[Anonymous No.51368753]

>>51368718
mining gets easier when less people mine. If its not profitable less people mine until it is.

[Anonymous No.51368789]

>>51368753
it also gets easier to attack, and more incentivized if mining is no longer profitable

[Anonymous No.51368797]

>>51368382
Bitcoin will have another hard fork, a proof of stake BTC will just be another BCH i.e. a failure

[Anonymous No.51368849]

>>51368753
>If its not profitable less people mine until it is.
you hope that's the case. what if mr. miner with his millions in equipment doesn't want to (or can't) sell his ASICs? and it turns out that there's a certain someone offering payment greater than the block reward to miners that provide correct hashes? and they're not paying in btc, so mr miner doesn't care how his hashes get used, he's just getting paid

[Anonymous No.51368892]

While the block reward has gone from 50 BTC to 6.25 BTC, the number of Costco rotisserie chickens one block reward can purchase has gone from/to:
200 chickens for 50 BTC
20,900 chickens for 6.25 BTC
See it now?

[Anonymous No.51368985]

>>51368892
Based practical math anon

[Anonymous No.51369040]

>>51368349
around 2015-2016, the bitcoin community split in two
people who believed blockchain should be a global network for permissionless execution with pragmatic sustainability moved to ethereum
people who thought blockchain should be about buying drugs on the dark web or digital gold stuck with bitcoin
then bitcoin suffered a second shift in 2017, where most of the dark web types got pushed out (towards bch) by digital gold advocates, most of which degenerated into ponzi "number go up" advocates
in short, over the years bitcoin has increasingly filtered out smart people and retained idiots
almost all smart people in crypto work on ethereum. of those who don't, the remainder tends to work on alt smart contract platforms. bitcoin is a wasteland when it comes to brainpower
which is why they won't get behind pos until it's too late

[Anonymous No.51369166]

>>51368382
dumbfuk

[Anonymous No.51369241]

>>51369166
great argument, almost as good as >>51368892 "see 1btc = 200 chickens, now 1btc = 20,900 chickens, therefore 1btc = 1,200,000,000,000 chickens by 2040 checkmate"

[Anonymous No.51369701]

>>51368349
Because BTC is digital fort knox. That's all that ancient boomer code is good for but once PoS ETH and its L2s becomes places where you can do everything in one place, BTC will only be relevant to a handful of retarded maxis bag holders1

[Anonymous No.51369948]

>>51368349
Because they are a bunch of leftist fags and will destroy crypto out of sheer ignorance

[Anonymous No.51370177]

>>51369241
Imagine not seeing the irony in making this comment.
Biz has attracted some of the dumbest anons lately. Literal mouth breathers.

[Anonymous No.51370626]

because btc community are stubborn and ethereum will eventually overtake bitcoin as the number one especially with matic bringing the world to ethereum

[Anonymous No.51371766]

>>51368382
The scarcity will drive up the price and make it profitable.
The US government will never understand that any time it tries to ban something, it just makes it more lucrative. Yet it keeps trying.

[Anonymous No.51371809]

>>51370177
another stellar argument, don't push those 85 IQs too hard or you might have an aneurysm

[Anonymous No.51371933]

>>51368349
Because efferium is ran by a bunch of naive faggots and bitcoin is ran by serious grizzled cypher punks.

[Anonymous No.51371999]

>>51368349
There is no bitcoin community. This was proven when segwit tried happening and they shut it down. The 'official' developers are paid to hold back the tech until fedcoin comes along.

[Anonymous No.51372036]

>>51371766
They have guns you know

[Anonymous No.51372062]

>>51371809
Imagine interpreting criticism as an attempted argument.
Stay stupid, stupid.

[Anonymous No.51372133]

>>51372062
truly incredible insight anon, keep pushing that pea brain to the limit like that and you might be able to get a job stocking shelves one day

[Anonymous No.51372168]

Bitcoin will be out of top 10 by 2030, nobody will care much anymore

[Anonymous No.51372238]

>>51368892
How many Costco chickens can you buy when block reward is 0 btc?

[Anonymous No.51372259]

>>51368349
Because before bitcoin PoS was tried and captured by the government so they realized it's a shitty design that's dead on arrival.

[Anonymous No.51372323]

ETH investors are naive and chasing money.

They don't have any of the cypherpunk principals, their network is completely captured, they can't run a node, they can't cash out of staking, and they have the audacity to say bitcoin is doing something wrong, LOL

[Anonymous No.51372397]

>>51368349
proof of stake = globohomo
>you will own nothing and be happy

[Anonymous No.51372990]

>>51372238
actually, you're just fucking stupid for thinking about that.

[Anonymous No.51373027]

because ethereum is a premined centralized scam

[Anonymous No.51373183]

>>51372238
infinity Costco chickens

[Anonymous No.51373198]

>>51373183
no, but seriously, 10,000,000 costco chickens per transaction fee

[Anonymous No.51373263]

>>51373198
how many Costco chickens to ligma?

[Anonymous No.51373269]

Because bitcoin basically can’t pivot to proof of stake. Also, bitcoin is shit and will go to zero. Debate me you plebes

[Anonymous No.51373270]

Because ethniggrrs are low IQ cucks

[Anonymous No.51373271]

>>51368349
bitcoin maxis are retarded

[Anonymous No.51373463]

>>51373269
Cope from retard who lost everything on his centralized POS shitcoin

POW>POS

[Anonymous No.51373765]

>>51369040
accurate

[Anonymous No.51373769]

>>51371933
Hahahahahahahaaahahaha no

[Anonymous No.51373898]

>>51368675
Algo kicks ass, I've seen so many people jump shit from ETH just to develop on Algorand lately it's nuts

[Anonymous No.51373920]

>>51368382
Not gonna happen as long as multi-millon dollar mining companies have it their way. Many places would go out of business if that shift were to happen.

[Anonymous No.51373985]

>>51371933
WELL I'LL TAKE ANOTHER SLURP
WHILE IT GIVES ME TIME TO DERP
IF I HAD A CHANCE I'D ASK A TRANNY TO DANCE
IF I HAD A CHANCE I'D ASK A TRANNY TO
DANCE
IF I HAD A CHANCE I'D ASK A TRANNY TO DANCE
BUT I'M MINING BY MYSELF OH-OH UH-OH